Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
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DRC-based Boss Mining SPRL, owned by Eurasian Natural Resources Corporation PLC (ENRC), has awarded FLSmidth four different orders for equipment at its copper operation in Kakanda in the Katanga Province of the DRC. The value of this bundled equipment package makes it one of the largest orders placed with FLSmidth in South Africa for minerals processing equipment since its acquisition of Dorr-Oliver Eimco in 2007. The package comprises a mill contract and a gyratory crusher contract, both awarded in June 2011, and two contracts – for thickeners and flotation equipment respectively – signed in September 2011. Most of the equipment is scheduled to be on site at Kakanda by the third quarter of 2012 with installation starting before the end of that year leading into commissioning in 2013.
